SPYK.DE vs. SPYM.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SPYK.DE is a Technology Equities fund tracking the MSCI Europe Information Technology 20/35 Capped, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SPYK.DE returned 16.39%/yr vs 9.90%/yr for SPYM.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYK.DE vs. SPYM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than SPYM.DE's 27.39% return. Over the past 10 years, SPYK.DE has outperformed SPYM.DE with an annualized return of 16.39%, while SPYM.DE has yielded a comparatively lower 9.90% annualized return.
SPYK.DE
- 1D
- 0.27%
- 1M
- 17.71%
- YTD
- 50.09%
- 6M
- 47.48%
- 1Y
- 59.52%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
SPYM.DE
- 1D
- -1.63%
- 1M
- 3.70%
- YTD
- 27.39%
- 6M
- 27.92%
- 1Y
- 48.95%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
SPYK.DE vs. SPYM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between SPYK.DE and SPYM.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.62 |
The correlation between SPYK.DE and SPYM.DE has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
SPYK.DE vs. SPYM.DE — Risk / Return Rank
SPYK.DE
SPYM.DE
SPYK.DE vs. SPYM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SPYK.DE | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.50 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 4.80 | -0.21 |
| Martin ratioReturn relative to average drawdown | 12.19 | 17.28 | -5.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYK.DE | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.79 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.50 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.54 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.34 | +0.29 |
Drawdowns
SPYK.DE vs. SPYM.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, which is greater than SPYM.DE's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and SPYM.DE.
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Drawdown Indicators
| SPYK.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -36.28% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -10.38% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -18.96% | -8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -23.86% | -14.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | -31.69% | -6.76% |
Current DrawdownCurrent decline from peak | -0.09% | -2.74% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -9.95% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.89% | +2.01% |
Volatility
SPYK.DE vs. SPYM.DE - Volatility Comparison
SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) at 7.34%. This indicates that SPYK.DE's price experiences larger fluctuations and is considered to be riskier than SPYM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYK.DE | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 7.34% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 15.16% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 17.87% | +8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 16.78% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 18.40% | +5.78% |
SPYK.DE vs. SPYM.DE - Expense Ratio Comparison
Both SPYK.DE and SPYM.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPYK.DE vs. SPYM.DE - Dividend Comparison
Neither SPYK.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYK.DE and SPYM.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE and SPYM.DE have the same expense ratio: 0.18% per year.
SPYK.DE is categorized as Technology Equities, while SPYM.DE is Emerging Markets Equities. SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while SPYM.DE tracks MSCI Emerging Markets.
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